2016 Q2 Form 10-Q Financial Statement
#000143774916033271 Filed on June 03, 2016
Income Statement
| Concept | 2016 Q2 | 2015 Q2 |
|---|---|---|
| Revenue | $654.7M | $468.9M |
| YoY Change | 39.61% | 4.23% |
| Cost Of Revenue | $567.2M | $398.5M |
| YoY Change | 42.33% | 9.66% |
| Gross Profit | $87.60M | $70.50M |
| YoY Change | 24.26% | -18.59% |
| Gross Profit Margin | 13.38% | 15.03% |
| Selling, General & Admin | $69.00M | $69.10M |
| YoY Change | -0.14% | 10.74% |
| % of Gross Profit | 78.77% | 98.01% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $800.0K | $900.0K |
| YoY Change | -11.11% | 12.5% |
| % of Gross Profit | 0.91% | 1.28% |
| Operating Expenses | $70.10M | $70.90M |
| YoY Change | -1.13% | 11.65% |
| Operating Profit | $17.50M | -$400.0K |
| YoY Change | -4475.0% | -101.73% |
| Interest Expense | -$35.00M | -$29.10M |
| YoY Change | 20.27% | 0.0% |
| % of Operating Profit | -200.0% | |
| Other Income/Expense, Net | -$1.147M | -$1.788M |
| YoY Change | -35.85% | |
| Pretax Income | -$17.60M | -$29.48M |
| YoY Change | -40.29% | 303.85% |
| Income Tax | -$9.143M | -$9.922M |
| % Of Pretax Income | ||
| Net Earnings | -$8.461M | -$19.56M |
| YoY Change | -56.74% | 147.58% |
| Net Earnings / Revenue | -1.29% | -4.17% |
| Basic Earnings Per Share | -$0.06 | -$0.13 |
| Diluted Earnings Per Share | -$0.06 | -$0.13 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 147.3M | 146.9M |
| Diluted Shares Outstanding | 147.3M | 146.9M |
Balance Sheet
| Concept | 2016 Q2 | 2015 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $129.7M | $261.6M |
| YoY Change | -50.42% | 6.69% |
| Cash & Equivalents | $129.7M | $261.6M |
| Short-Term Investments | ||
| Other Short-Term Assets | $80.00M | $81.10M |
| YoY Change | -1.36% | 29.35% |
| Inventory | $1.676B | $1.539B |
| Prepaid Expenses | ||
| Receivables | $65.10M | $85.80M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $1.951B | $1.967B |
| YoY Change | -0.83% | 18.77% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $45.70M | $46.40M |
| YoY Change | -1.51% | 1.09% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $70.10M | $70.60M |
| YoY Change | -0.71% | 48.01% |
| Other Assets | $25.40M | $23.60M |
| YoY Change | 7.63% | -17.77% |
| Total Long-Term Assets | $567.7M | $549.7M |
| YoY Change | 3.28% | 201.37% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.951B | $1.967B |
| Total Long-Term Assets | $567.7M | $549.7M |
| Total Assets | $2.519B | $2.517B |
| YoY Change | 0.06% | 36.88% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $197.6M | $143.1M |
| YoY Change | 38.09% | 2.29% |
| Accrued Expenses | $80.80M | $88.20M |
| YoY Change | -8.39% | 15.45% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $326.4M | $272.7M |
| YoY Change | 19.69% | 5.7% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.975B | $2.126B |
| YoY Change | -7.12% | 17.99% |
| Other Long-Term Liabilities | $369.7M | $264.2M |
| YoY Change | 39.93% | 9.54% |
| Total Long-Term Liabilities | $2.345B | $2.391B |
| YoY Change | -1.92% | 16.99% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $326.4M | $272.7M |
| Total Long-Term Liabilities | $2.345B | $2.391B |
| Total Liabilities | $2.671B | $2.663B |
| YoY Change | 0.29% | 15.71% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$878.0M | |
| YoY Change | ||
| Common Stock | $704.1M | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $115.4M | |
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$152.3M | -$146.3M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $2.519B | $2.517B |
| YoY Change | 0.06% | 36.88% |
Cashflow Statement
| Concept | 2016 Q2 | 2015 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$8.461M | -$19.56M |
| YoY Change | -56.74% | 147.58% |
| Depreciation, Depletion And Amortization | $800.0K | $900.0K |
| YoY Change | -11.11% | 12.5% |
| Cash From Operating Activities | $33.90M | -$60.50M |
| YoY Change | -156.03% | 10.0% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$400.0K | -$300.0K |
| YoY Change | 33.33% | -66.67% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$2.100M | $5.000M |
| YoY Change | -142.0% | -25.37% |
| Cash From Investing Activities | -$2.500M | $4.700M |
| YoY Change | -153.19% | -17.54% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -54.30M | 44.00M |
| YoY Change | -223.41% | 671.93% |
| NET CHANGE | ||
| Cash From Operating Activities | 33.90M | -60.50M |
| Cash From Investing Activities | -2.500M | 4.700M |
| Cash From Financing Activities | -54.30M | 44.00M |
| Net Change In Cash | -22.90M | -11.80M |
| YoY Change | 94.07% | -72.94% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $33.90M | -$60.50M |
| Capital Expenditures | -$400.0K | -$300.0K |
| Free Cash Flow | $34.30M | -$60.20M |
| YoY Change | -156.98% | 11.28% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2015Q4 | hov |
Aggregate Retention For Construction Defects Warranty And Bodily Injury Claims
AggregateRetentionForConstructionDefectsWarrantyAndBodilyInjuryClaims
|
21000000 | |
| CY2016Q2 | hov |
Aggregate Retention For Construction Defects Warranty And Bodily Injury Claims
AggregateRetentionForConstructionDefectsWarrantyAndBodilyInjuryClaims
|
21000000 | |
| CY2015Q4 | hov |
Bodily Injury Insurance Deductible
BodilyInjuryInsuranceDeductible
|
250000 | |
| CY2016Q2 | hov |
Bodily Injury Insurance Deductible
BodilyInjuryInsuranceDeductible
|
250000 | |
| CY2015Q4 | hov |
Bodily Injury Insurance Limit
BodilyInjuryInsuranceLimit
|
5000000 | |
| CY2016Q2 | hov |
Bodily Injury Insurance Limit
BodilyInjuryInsuranceLimit
|
5000000 | |
| CY2016Q2 | hov |
Carrying Value Of Communities Tested For Impairment
CarryingValueOfCommunitiesTestedForImpairment
|
89000000 | |
| CY2015Q2 | hov |
Carrying Value Of Communities Tested For Impairment
CarryingValueOfCommunitiesTestedForImpairment
|
77400000 | |
| CY2016Q2 | hov |
Carrying Value Of Communities Tested For Impairment For Which Undiscounted Future Cash Flow Only Exceeded Carrying Amount By Less Than20 Percent
CarryingValueOfCommunitiesTestedForImpairmentForWhichUndiscountedFutureCashFlowOnlyExceededCarryingAmountByLessThan20Percent
|
43500000 | |
| CY2015Q2 | hov |
Carrying Value Of Communities Tested For Impairment For Which Undiscounted Future Cash Flow Only Exceeded Carrying Amount By Less Than20 Percent
CarryingValueOfCommunitiesTestedForImpairmentForWhichUndiscountedFutureCashFlowOnlyExceededCarryingAmountByLessThan20Percent
|
33000000 | |
| hov |
Cash Received From Subcontractors For Owner Controlled Insurance Program
CashReceivedFromSubcontractorsForOwnerControlledInsuranceProgram
|
2000000 | ||
| hov |
Cash Received From Subcontractors For Owner Controlled Insurance Program
CashReceivedFromSubcontractorsForOwnerControlledInsuranceProgram
|
1300000 | ||
| CY2016Q2 | hov |
Common Stock Dividends Percent Of Increase From Class A To Class B
CommonStockDividendsPercentOfIncreaseFromClassAToClassB
|
1.1 | |
| CY2016Q2 | hov |
Corporate General And Administrative
CorporateGeneralAndAdministrative
|
12598000 | |
| CY2015Q2 | hov |
Corporate General And Administrative
CorporateGeneralAndAdministrative
|
16493000 | |
| hov |
Corporate General And Administrative
CorporateGeneralAndAdministrative
|
28919000 | ||
| hov |
Corporate General And Administrative
CorporateGeneralAndAdministrative
|
33401000 | ||
| CY2016Q2 | hov |
Debt Covenant Fixed Charge Coverage Ratio Minimum
DebtCovenantFixedChargeCoverageRatioMinimum
|
2 | |
| CY2016Q2 | hov |
Deposits Associated With Land And Lot Options Of Unconsolidated Variable Interest Entities
DepositsAssociatedWithLandAndLotOptionsOfUnconsolidatedVariableInterestEntities
|
67400000 | |
| hov |
Direct Or Indirect Ownership In Guarantor Subsidiaries Percentage
DirectOrIndirectOwnershipInGuarantorSubsidiariesPercentage
|
1 | ||
| CY2016Q2 | hov |
Exchangeable Note Unit Rate Stated Percentage
ExchangeableNoteUnitRateStatedPercentage
|
0.06 | |
| CY2015Q4 | hov |
General Liability Insurance Deductible
GeneralLiabilityInsuranceDeductible
|
20000000 | |
| CY2016Q2 | hov |
General Liability Insurance Deductible
GeneralLiabilityInsuranceDeductible
|
20000000 | |
| hov |
Inventory Impairments And Land Option Cost Write Offs
InventoryImpairmentsAndLandOptionCostWriteOffs
|
21350000 | ||
| hov |
Inventory Impairments And Land Option Cost Write Offs
InventoryImpairmentsAndLandOptionCostWriteOffs
|
6541000 | ||
| CY2016Q2 | hov |
Inventory Real Estate Mothballed Communities
InventoryRealEstateMothballedCommunities
|
75700000 | |
| CY2015Q4 | hov |
Inventory Real Estate Mothballed Communities
InventoryRealEstateMothballedCommunities
|
103000000 | |
| CY2016Q2 | hov |
Inventory Real Estate Mothballed Communities Accumulated Impairment Charges
InventoryRealEstateMothballedCommunitiesAccumulatedImpairmentCharges
|
296800000 | |
| CY2015Q4 | hov |
Inventory Real Estate Mothballed Communities Accumulated Impairment Charges
InventoryRealEstateMothballedCommunitiesAccumulatedImpairmentCharges
|
334500000 | |
| CY2015Q4 | hov |
Inventory Real Estate Specific Performance Options
InventoryRealEstateSpecificPerformanceOptions
|
1200000 | |
| CY2016Q2 | hov |
Joint Venture Average Debt To Capitalization Ratio
JointVentureAverageDebtToCapitalizationRatio
|
0.28 | |
| CY2016Q2 | hov |
Joint Venture Financing Percent Of Assets
JointVentureFinancingPercentOfAssets
|
0.5 | |
| CY2016Q2 | hov |
Land Option Write Offs
LandOptionWriteOffs
|
4300000 | |
| CY2015Q2 | hov |
Land Option Write Offs
LandOptionWriteOffs
|
800000 | |
| hov |
Land Option Write Offs
LandOptionWriteOffs
|
6300000 | ||
| hov |
Land Option Write Offs
LandOptionWriteOffs
|
2100000 | ||
| CY2015Q4 | hov |
Liabilities From Inventory Real Estate Specific Performance Options
LiabilitiesFromInventoryRealEstateSpecificPerformanceOptions
|
1200000 | |
| CY2016Q2 | hov |
Loans Held For Sale Mortgages Unpaid Principal
LoansHeldForSaleMortgagesUnpaidPrincipal
|
118400000 | |
| CY2015Q4 | hov |
Loans Held For Sale Mortgages Unpaid Principal
LoansHeldForSaleMortgagesUnpaidPrincipal
|
122700000 | |
| hov |
Net Proceeds From Mortgages And Notes
NetProceedsFromMortgagesAndNotes
|
-19139000 | ||
| hov |
Net Proceeds From Mortgages And Notes
NetProceedsFromMortgagesAndNotes
|
14711000 | ||
| hov |
Net Proceeds From Repayments Of Land Bank Financing Programs
NetProceedsFromRepaymentsOfLandBankFinancingPrograms
|
114473000 | ||
| hov |
Net Proceeds From Repayments Of Land Bank Financing Programs
NetProceedsFromRepaymentsOfLandBankFinancingPrograms
|
-13003000 | ||
| hov |
Net Proceeds From Repayments Of Model Sale Leaseback Financing Programs
NetProceedsFromRepaymentsOfModelSaleLeasebackFinancingPrograms
|
1219000 | ||
| hov |
Net Proceeds From Repayments Of Model Sale Leaseback Financing Programs
NetProceedsFromRepaymentsOfModelSaleLeasebackFinancingPrograms
|
13341000 | ||
| CY2016Q2 | hov |
Notes Payable And Accrued Interest
NotesPayableAndAccruedInterest
|
1764973000 | |
| CY2015Q4 | hov |
Notes Payable And Accrued Interest
NotesPayableAndAccruedInterest
|
1935635000 | |
| CY2016Q2 | hov |
Number Of Communities Evaluated For Impairment
NumberOfCommunitiesEvaluatedForImpairment
|
478 | |
| CY2015Q2 | hov |
Number Of Communities Evaluated For Impairment
NumberOfCommunitiesEvaluatedForImpairment
|
508 | |
| CY2016Q2 | hov |
Number Of Communities Impaired
NumberOfCommunitiesImpaired
|
4 | |
| hov |
Number Of Communities Impaired
NumberOfCommunitiesImpaired
|
10 | ||
| CY2015Q2 | hov |
Number Of Communities Impaired
NumberOfCommunitiesImpaired
|
4 | |
| hov |
Number Of Communities Impaired
NumberOfCommunitiesImpaired
|
5 | ||
| CY2016Q2 | hov |
Number Of Communities Mothballed
NumberOfCommunitiesMothballed
|
29 | |
| CY2015Q4 | hov |
Number Of Communities Mothballed
NumberOfCommunitiesMothballed
|
31 | |
| CY2016Q2 | hov |
Number Of Communities Performed Detailed Impairment Calculations
NumberOfCommunitiesPerformedDetailedImpairmentCalculations
|
20 | |
| CY2015Q2 | hov |
Number Of Communities Performed Detailed Impairment Calculations
NumberOfCommunitiesPerformedDetailedImpairmentCalculations
|
15 | |
| CY2016Q2 | hov |
Number Of Communities Tested For Impairment For Which Undiscounted Future Cash Flow Only Exceeded Carrying Amount By Less Than20 Percent
NumberOfCommunitiesTestedForImpairmentForWhichUndiscountedFutureCashFlowOnlyExceededCarryingAmountByLessThan20Percent
|
9 | |
| CY2015Q2 | hov |
Number Of Communities Tested For Impairment For Which Undiscounted Future Cash Flow Only Exceeded Carrying Amount By Less Than20 Percent
NumberOfCommunitiesTestedForImpairmentForWhichUndiscountedFutureCashFlowOnlyExceededCarryingAmountByLessThan20Percent
|
7 | |
| CY2016Q2 | hov |
Number Of Loans Reserved For
NumberOfLoansReservedFor
|
132 | |
| CY2015Q2 | hov |
Number Of Loans Reserved For
NumberOfLoansReservedFor
|
131 | |
| CY2016Q2 | hov |
Number Of Walk Away Lots
NumberOfWalkAwayLots
|
2263 | |
| CY2015Q2 | hov |
Number Of Walk Away Lots
NumberOfWalkAwayLots
|
455 | |
| hov |
Number Of Walk Away Lots
NumberOfWalkAwayLots
|
3519 | ||
| hov |
Number Of Walk Away Lots
NumberOfWalkAwayLots
|
2155 | ||
| CY2016Q2 | hov |
Number Of Wholly Owned Subsidiaries
NumberOfWhollyOwnedSubsidiaries
|
1 | |
| hov |
Payment Of Financing Costs For Debt Issuance And Land Bank Financing
PaymentOfFinancingCostsForDebtIssuanceAndLandBankFinancing
|
4581000 | ||
| hov |
Payment Of Financing Costs For Debt Issuance And Land Bank Financing
PaymentOfFinancingCostsForDebtIssuanceAndLandBankFinancing
|
6493000 | ||
| CY2016Q2 | hov |
Payments By Insurance Companies For Claims
PaymentsByInsuranceCompaniesForClaims
|
500000 | |
| CY2015Q2 | hov |
Payments By Insurance Companies For Claims
PaymentsByInsuranceCompaniesForClaims
|
18100000 | |
| hov |
Payments By Insurance Companies For Claims
PaymentsByInsuranceCompaniesForClaims
|
3700000 | ||
| hov |
Payments By Insurance Companies For Claims
PaymentsByInsuranceCompaniesForClaims
|
18300000 | ||
| hov |
Payments For Land Bank Financing Program
PaymentsForLandBankFinancingProgram
|
38950000 | ||
| hov |
Payments For Land Bank Financing Program
PaymentsForLandBankFinancingProgram
|
17147000 | ||
| hov |
Payments For Model Sale Leaseback Financing Programs
PaymentsForModelSaleLeasebackFinancingPrograms
|
13691000 | ||
| hov |
Payments For Model Sale Leaseback Financing Programs
PaymentsForModelSaleLeasebackFinancingPrograms
|
7960000 | ||
| hov |
Percentage Undiscounted Cash Flow Exceeds Carrying Amount
PercentageUndiscountedCashFlowExceedsCarryingAmount
|
0.2 | ||
| CY2016Q2 | hov |
Preimpairment Value
PreimpairmentValue
|
16700000 | |
| hov |
Preimpairment Value
PreimpairmentValue
|
45400000 | ||
| CY2015Q2 | hov |
Preimpairment Value
PreimpairmentValue
|
11000000 | |
| hov |
Preimpairment Value
PreimpairmentValue
|
16700000 | ||
| hov |
Proceeds From Land Bank Financing Program
ProceedsFromLandBankFinancingProgram
|
153423000 | ||
| hov |
Proceeds From Land Bank Financing Program
ProceedsFromLandBankFinancingProgram
|
4144000 | ||
| hov |
Proceeds From Model Sale Leaseback Financing Programs
ProceedsFromModelSaleLeasebackFinancingPrograms
|
14910000 | ||
| hov |
Proceeds From Model Sale Leaseback Financing Programs
ProceedsFromModelSaleLeasebackFinancingPrograms
|
21301000 | ||
| CY2016Q2 | hov |
Purchase Price Associated With Land And Lot Options Of Unconsolidated Variable Interest Entities
PurchasePriceAssociatedWithLandAndLotOptionsOfUnconsolidatedVariableInterestEntities
|
1300000000 | |
| CY2016Q2 | hov |
Real Estate Inventory Capitalized Interest Costs Interest Contributed To Joint Venture
RealEstateInventoryCapitalizedInterestCostsInterestContributedToJointVenture
|
||
| CY2015Q2 | hov |
Real Estate Inventory Capitalized Interest Costs Interest Contributed To Joint Venture
RealEstateInventoryCapitalizedInterestCostsInterestContributedToJointVenture
|
||
| hov |
Real Estate Inventory Capitalized Interest Costs Interest Contributed To Joint Venture
RealEstateInventoryCapitalizedInterestCostsInterestContributedToJointVenture
|
10676000 | ||
| hov |
Real Estate Inventory Capitalized Interest Costs Interest Contributed To Joint Venture
RealEstateInventoryCapitalizedInterestCostsInterestContributedToJointVenture
|
|||
| CY2016Q2 | hov |
Real Estate Inventory Expense Noteligible For Capitalization
RealEstateInventoryExpenseNoteligibleForCapitalization
|
24084000 | |
| CY2015Q2 | hov |
Real Estate Inventory Expense Noteligible For Capitalization
RealEstateInventoryExpenseNoteligibleForCapitalization
|
23030000 | |
| hov |
Real Estate Inventory Expense Noteligible For Capitalization
RealEstateInventoryExpenseNoteligibleForCapitalization
|
45309000 | ||
| hov |
Real Estate Inventory Expense Noteligible For Capitalization
RealEstateInventoryExpenseNoteligibleForCapitalization
|
48101000 | ||
| CY2015Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.13 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.17 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.23 | ||
| CY2016Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.06 | |
| CY2015Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.13 | |
| hov |
Stock Issued During Period Value Restricted Stock Awards Net Of Forfeitures And Adjustments To Additional Paid In Capital Share Based Compensation Requisite Service Period Recognition Value
StockIssuedDuringPeriodValueRestrictedStockAwardsNetOfForfeituresAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRequisiteServicePeriodRecognitionValue
|
2255000 | ||
| CY2016Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
704141000 | |
| CY2015Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
703751000 | |
| us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
-1859000 | ||
| us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
-6553000 | ||
| us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
-222194000 | ||
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
800000 | ||
| CY2015Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3200000 | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
6700000 | ||
| CY2016Q2 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
700000 | |
| CY2016Q2 | hov |
Sharebased Compensation Income
SharebasedCompensationIncome
|
700000 | |
| CY2008Q3 | hov |
Shareholder Ownership Percentage Of Increase
ShareholderOwnershipPercentageOfIncrease
|
0.5 | |
| CY2015Q2 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
2100000 | |
| us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
4600000 | ||
| us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
700000 | ||
| CY2016Q2 | us-gaap |
Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
|
161000 | |
| CY2015Q2 | us-gaap |
Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
|
-107000 | |
| us-gaap |
Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
|
123000 | ||
| us-gaap |
Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
|
461000 | ||
| us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
6106000 | ||
| us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
5991000 | ||
| CY2016Q2 | us-gaap |
Assets
Assets
|
2518627000 | |
| CY2015Q4 | us-gaap |
Assets
Assets
|
2602298000 | |
| us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px; width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr> <td style="WIDTH: 18pt; VERTICAL-ALIGN: top"> <div style=""><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-weight: bold;">1.</div></div></div></td> <td style="VERTICAL-ALIGN: top"> <div style=""><div style="display: inline; font-weight: bold;"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-weight: bold;">Basis of Presentation</div></div></div></div></div></td> </tr> </table> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 39.6pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Hovnanian Enterprises, Inc. and Subsidiaries (the “Company”, “we”, “us” or “our”) has reportable segments consisting of six Homebuilding segments (Northeast, Mid-Atlantic, Midwest, Southeast, Southwest and West) and the Financial Services segment (see Note 17).</div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 39.6pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The accompanying unaudited Condensed Consolidated Financial Statements include our accounts and those of all wholly-owned subsidiaries after elimination of all significant intercompany balances and transactions. </div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 39.6pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X and should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended October 31, 2015. In the opinion of management, all adjustments for interim periods presented have been made, which include normal recurring accruals and deferrals necessary for a fair presentation of our condensed consolidated financial position, results of operations and cash flows. The preparation of Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates, and these differences could have a significant impact on the Condensed Consolidated Financial Statements. Results for interim periods are not necessarily indicative of the results which might be expected for a full year. The balance sheet at October 31, 2015 has been derived from the audited Consolidated Financial Statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements.</div></div></div> | ||
| CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
253745000 | |
| CY2016Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
129654000 | |
| CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
261898000 | |
| CY2015Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
261572000 | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-124091000 | ||
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-326000 | ||
| CY2016Q2 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
8600000 | |
| CY2015Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
15800000 | |
| CY2016Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
670981000 | |
| CY2015Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
499896000 | |
| us-gaap |
Costs And Expenses
CostsAndExpenses
|
1258300000 | ||
| us-gaap |
Costs And Expenses
CostsAndExpenses
|
966742000 | ||
| CY2014Q4 | us-gaap |
Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
|
1 | |
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-4077000 | ||
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-15975000 | ||
| CY2016Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
294069000 | |
| CY2015Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
290279000 | |
| CY2016Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
635400000 | |
| us-gaap |
Depreciation
Depreciation
|
1729000 | ||
| us-gaap |
Depreciation
Depreciation
|
1719000 | ||
| us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px; width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr> <td style="WIDTH: 18pt; VERTICAL-ALIGN: top"> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-weight: bold;">19.</div></div></div></td> <td style="VERTICAL-ALIGN: top"> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-weight: bold;">Recent Accounting Pronouncements</div></div></div></td> </tr> </table> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 39.6pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 39.6pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” (Topic 606), (“ASU 2014-09”). ASU 2014-09 requires entities to recognize revenue that represents the transfer of promised goods or services to customers in an amount equivalent to the consideration to which the entity expects to be entitled to in exchange for those goods or services. The following steps should be applied to determine this amount: (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. ASU 2014-09 supersedes the revenue recognition requirements in ASU 605, “Revenue Recognition,” and most industry-specific guidance in the Accounting Standards Codification. In August 2015, the FASB issued ASU 2015-14 on this same topic, which defers for one year the effective date of ASU 2014-09, therefore making the guidance effective for the Company beginning November 1, 2018. Additionally, the FASB also decided to permit entities to early adopt the standard, which allows for either full retrospective or modified retrospective methods of adoption, for reporting periods beginning after December 15, 2016. We are currently evaluating the impact of adopting this guidance on our Condensed Consolidated Financial Statements.</div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 39.6pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">In August 2014, the FASB issued ASU 2014-15, “Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-15”), which requires management to perform interim and annual assessments on whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year of the date the financial statements are issued and to provide related disclosures, if required. ASU 2014-15 is effective for the Company for our fiscal year ending October 31, 2017. Early adoption is permitted. We do not anticipate the adoption of ASU 2014-15 to have a material impact on the Company’s Condensed Consolidated Financial Statements. </div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 39.6pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">In February 2015, the FASB issued ASU 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis” (“ASU 2015-02”), which amends the consolidation requirements in ASC 810, primarily related to limited partnerships and VIEs. ASU 2015-02 is effective for the Company beginning on November 1, 2016. Early adoption is permitted. We do not anticipate the adoption of ASU 2015-02 to have a material impact on the Company’s Condensed Consolidated Financial Statements. </div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt 7.7pt 0pt 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 39.6pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">In April 2015, the FASB issued ASU 2015-03, “Interest - Imputation of Interest” (“ASU 2015-03”), which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. This new guidance is a change from the current treatment of recording debt issuance costs as an asset representing a deferred charge, and is consistent with the accounting treatment for debt discounts. The guidance, which requires retrospective application, is effective for the Company beginning November 1, 2016. Early adoption is permitted. The adoption of ASU 2015-03 will result in reclassification of our deferred bond issuance costs from assets to an offset of our notes payable on the Company’s Consolidated Financial Statements. Additionally, in August 2015, as a follow-up to ASU 2015-03, the FASB issued ASU 2015-15 “Interest – Imputation of Interest (Subtopic 835-30)” (“ASU 2015-15”). ASU 2015-15 addresses the presentation of debt issuance costs for line-of-credit arrangements, allowing an entity to defer and present debt issuance costs as an asset and subsequently amortize the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The adoption of ASU 2015-15 will be concurrent with the adoption of ASU 2015-03. The Company does not expect ASU 2015-15 to have a material impact on the Company’s Condensed Consolidated Financial Statements.</div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 39.6pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 39.6pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)” (“ASU 2016-02”), which provides guidance for accounting for leases. ASU 2016-02 requires lessees to classify leases as either finance or operating leases and to record a right-of-use asset and a lease liability for all leases with a term greater than 12 months regardless of the lease classification. The lease classification will determine whether the lease expense is recognized based on an effective interest rate method or on a straight line basis over the term of the lease. Accounting for lessors remains largely unchanged from current GAAP. ASU 2016-02 is effective for the Company beginning November 1, 2019. Early adoption is permitted. We are currently evaluating the impact of adopting this guidance on our Condensed Consolidated Financial Statements.</div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 39.6pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 39.6pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”). ASU 2016-09 simplifies several aspects related to the accounting for share-based payment transactions, including the accounting for income taxes, statutory tax withholding requirements and classification on the statement of cash flows. ASU 2016-09 is effective for the Company’s fiscal year beginning November 1, 2017. Early adoption is permitted and the Company elected to adopt ASU 2016-09 in the second quarter of fiscal 2016. The adoption did not have a material impact on the Company’s Condensed Consolidated Financial Statements.</div></div></div> | ||
| CY2016Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.06 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.17 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.23 | ||
| CY2015Q2 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
3500000 | |
| us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
4400000 | ||
| CY2016Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-17604000 | |
| us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
|||
| us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
4445000 | ||
| us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
100000 | ||
| us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
851000 | ||
| CY2016Q2 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
5400000 | |
| us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
15100000 | ||
| CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-29481000 | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-30798000 | ||
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-49161000 | ||
| CY2016Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-1346000 | |
| CY2015Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1466000 | |
| us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-2826000 | ||
| us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
2918000 | ||
| CY2016Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-9143000 | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-6164000 | ||
| CY2015Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-9922000 | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-15226000 | ||
| CY2016Q2 | us-gaap |
Income Tax Receivable
IncomeTaxReceivable
|
294069000 | |
| CY2015Q4 | us-gaap |
Income Tax Receivable
IncomeTaxReceivable
|
290279000 | |
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-2373000 | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
819000 | ||
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
10869000 | ||
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-22235000 | ||
| us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
287000 | ||
| us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-70000 | ||
| us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
3758000 | ||
| us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
6462000 | ||
| CY2016Q2 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
9948000 | |
| CY2015Q2 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
8726000 | |
| us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-1268000 | ||
| us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
7716000 | ||
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
52908000 | ||
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
200988000 | ||
| us-gaap |
Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
|
-585200000 | ||
| us-gaap |
Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
|
-418594000 | ||
| us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-2461000 | ||
| us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-134000 | ||
| CY2016Q2 | us-gaap |
Interest Paid
InterestPaid
|
851000 | |
| CY2015Q2 | us-gaap |
Interest Paid
InterestPaid
|
268000 | |
| us-gaap |
Interest Paid
InterestPaid
|
1410000 | ||
| us-gaap |
Interest Paid
InterestPaid
|
676000 | ||
| CY2016Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
14987000 | |
| CY2015Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
14572000 | |
| us-gaap |
Interest Paid Net
InterestPaidNet
|
47987000 | ||
| us-gaap |
Interest Paid Net
InterestPaidNet
|
41061000 | ||
| CY2016Q2 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
39119000 | |
| CY2015Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
40388000 | |
| CY2016Q2 | us-gaap |
Liabilities
Liabilities
|
2670949000 | |
| CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
2730382000 | |
| CY2016Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2518627000 | |
| CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2602298000 | |
| CY2016Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
50000000 | |
| CY2015Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
47000000 | |
| CY2016Q2 | us-gaap |
Loans Pledged As Collateral
LoansPledgedAsCollateral
|
116800000 | |
| CY2015Q4 | us-gaap |
Loans Pledged As Collateral
LoansPledgedAsCollateral
|
114000000 | |
| CY2016Q1 | us-gaap |
Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
|
8028000 | |
| CY2015Q1 | us-gaap |
Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
|
7981000 | |
| CY2015Q4 | us-gaap |
Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
|
8025000 | |
| CY2014Q4 | us-gaap |
Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
|
7352000 | |
| CY2016Q2 | us-gaap |
Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
|
8306000 | |
| CY2015Q2 | us-gaap |
Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
|
7942000 | |
| CY2016Q2 | us-gaap |
Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
|
129999000 | |
| CY2015Q4 | us-gaap |
Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
|
130320000 | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-79811000 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
262541000 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-79811000 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
262541000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-13093000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6738000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-13093000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-6738000 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-31187000 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-256129000 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-31187000 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-256129000 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-24634000 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-33935000 | ||
| CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8461000 | |
| CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19559000 | |
| CY2016Q2 | us-gaap |
Other Commitment
OtherCommitment
|
27500000 | |
| CY2016Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1147000 | |
| CY2015Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1788000 | |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-2531000 | ||
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-3332000 | ||
| us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
584879000 | ||
| us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
429708000 | ||
| us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
16743000 | ||
| us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
15539000 | ||
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1651000 | ||
| CY2016Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
44224000 | |
| us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
|
38287000 | ||
| us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
|
23331000 | ||
| us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
983000 | ||
| us-gaap |
Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
|
250000000 | ||
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1172000 | ||
| CY2016Q2 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
140000000 | |
| CY2015Q4 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
140000000 | |
| CY2016Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2016Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000 | |
| CY2015Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000 | |
| CY2016Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
5600 | |
| CY2015Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
5600 | |
| CY2016Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
5600 | |
| CY2015Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
5600 | |
| CY2016Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
135299000 | |
| CY2015Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
135299000 | |
| us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
5065000 | ||
| us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
7345000 | ||
| us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
3000000 | ||
| us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
|||
| us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
112894000 | ||
| us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
76569000 | ||
| us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
257000 | ||
| us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
6047000 | ||
| us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
115000 | ||
| CY2016Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
133389000 | |
| CY2015Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
181833000 | |
| CY2015Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
135053000 | |
| CY2014Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
178008000 | |
| CY2016Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
136706000 | |
| CY2015Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
161307000 | |
| CY2016Q2 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
5514000 | |
| CY2015Q2 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
30492000 | |
| us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
15183000 | ||
| us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
35097000 | ||
| CY2016Q2 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
117000 | |
| CY2015Q2 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
68000 | |
| us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
158000 | ||
| us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
129000 | ||
| CY2016Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
117113000 | |
| CY2015Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
114241000 | |
| CY2015Q4 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
123898000 | |
| CY2014Q4 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
109158000 | |
| CY2016Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
115809000 | |
| CY2015Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
119901000 | |
| CY2016Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
|
21444000 | |
| CY2015Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
|
12013000 | |
| CY2016Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
147334000 | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
147301000 | ||
| CY2016Q2 | us-gaap |
Revenues
Revenues
|
654723000 | |
| CY2015Q2 | us-gaap |
Revenues
Revenues
|
468949000 | |
| CY2015Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
40703000 | |
| us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
86183000 | ||
| us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
82175000 | ||
| us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
132033000 | ||
| us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
61858000 | ||
| us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
175040000 | ||
| us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
2062000 | ||
| CY2016Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
25400000 | |
| CY2015Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
26500000 | |
| CY2016Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-877998000 | |
| CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-853364000 | |
| us-gaap |
Revenues
Revenues
|
1230328000 | ||
| us-gaap |
Revenues
Revenues
|
914663000 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
146762000 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
825000 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6665000 | ||
| CY2016Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-152322000 | |
| CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-128084000 | |
| CY2016Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
115360000 | |
| CY2015Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
115360000 | |
| CY2016Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
147334000 | |
| CY2015Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
146946000 | |
| CY2015Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
146946000 | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
147301000 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
146762000 |
